Hong Kong: Stocks rise at open, JD Logistics gained more than 14%

Tiger Newspress2021-05-28

(May 28) Hong Kong: Stocks rise at open. The Hang Seng Index added 0.36 per cent or 106.26 points to 29,219.46.

JD Logistics surged 14.1% in the opening moments of its Hong Kong debut on Friday.

Shares of JD Logistics, the logistics arm of Chinese e-commerce giantJD.com, soared on Friday as the company debuted on the Hong Kong Stock Exchange.

JD Logistics surged 14.1% in the opening moments of its Hong Kong debut on Friday.

The unit's vast network of warehouses and delivery workers in China have given JD a competitive edge against its rivalAlibaba, as the Beijing-based company can deliver products to millions of customers within the same day, or the next.

JD Logistics raised $3.2 billion in its initial public offering afterpricing its sharesat40.36 Hong Kong dollarseach, at the lower end of the expected range.

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Comments

  • MengKeng
    2021-05-30
    MengKeng
    Another new company to monitor and see if I can buy the shares
  • Benlaps
    2021-05-29
    Benlaps
    ??
  • Klord
    2021-05-28
    Klord
    Up up up pls
  • Meshaarias72
    2021-05-28
    Meshaarias72
    Ya lo
  • sk5735
    2021-05-28
    sk5735
    Didn’t manage to buy ;(
  • tkj
    2021-05-28
    tkj
    JD losing steam
    • tungngieReplytkj
      thanks for the reminder. yea, i just realise jd health is gg down. will go study how jd been.
    • tkj
      I am not sure. JD Health is down and out for a while already.....or perhaps pharma companies are also down?
    • tungngie
      seem like it. i just waiting for oppurtunity. hehe. jd is a good co, logistics is something to grow, though got competition.
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